USAI

Fund Description
USAI is passively managed, and seeks to track the American Energy Independence Index before fees and expenses. Many ETFs that invest in energy infrastructure have substantial investments in publicly traded partnerships such as MLPs, which can result in them being structured as C Corporations and therefore subject them to U.S. Federal corporate income tax. The American Energy Independence ETF seeks to keep its holdings of MLPs below the 25% threshold, since it seeks to be Regulated Investment Company or RIC-compliant and therefore not subject to U.S. Federal corporate income tax. The American Energy Independence Index is comprised of U.S. and Canadian energy infrastructure companies, Master Limited Partnerships (MLPs) and General Partners (GPs) of MLPs. Growing production of crude oil, natural gas and natural gas liquids is increasing the need for new infrastructure to move, process and store this output. This in turn reduces the need for the U.S. to rely on imports to meet its energy needs. It is therefore anticipated that as the U.S. becomes ever more energy independent, this will benefit North American infrastructure businesses, MLPs and GPs.
Fund Profile
Fund Name American Energy Independence ETF
Fund Exchange Ticker USAI
Fund Sponsor SL Advisors
Fund ISIN US26922A5526
Net Expense Ratio 0.75 %
Fund Inception Date 13 December 2017
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - Industry Sector
Asset Class Equities (Stocks)
Index Linked Passive
Index Name American Energy Independence Index
Index Provider SL Advisors
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 21 June 2019
Asset Under Management 11.08 Million (USD)
1 Month Total Return -1.22 %
Year To Date Return 22.03 %
1 Year Total Return 0.12 %
3 Year Annualized Total Return
NAV 24.6273
Share Outstanding 450,000
Top 10 Holdings (24 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
TC ENERGY CORP TRP EQUI 0.0825000000
KINDER MORGAN INC KMI EQUI 0.0780000000
ONEOK INC OKE EQUI 0.0724000000
ENBRIDGE INC ENB EQUI 0.0718000000
WILLIAMS COS INC WMB EQUI 0.0705000000
ENTERPRISE PRODUCTS PARTNERS EPD MLP 0.0705000000
CHENIERE ENERGY INC LNG EQUI 0.0435000000
PEMBINA PIPELINE CORP PPL EQUI 0.0432000000
ENERGY TRANSFER LP ET MLP 0.0403000000
TARGA RESOURCES CORP TRGP EQUI 0.0393000000